YouTube investors give site $8 million

By Justin Mann on
While some may be losing faith in the Internet, the investors of YouTube are definitely not, and are pumping up YouTube to the tune of $8 Million, more than double what was invested late last year. The money is to be used for increasing capacity and beef up sales & marketing, though the “sales” part has me a bit curious.

"We are pushing the boundaries of the Internet in ways that are unparalleled. By accelerating the build-out of our data centers around the world, we are poised to continue to serve up billions of videos in the most scalable and cost-effective way," says Steve Chen, CTO and co-founder of YouTube.
This only means the investors have faith in YouTube, but some are skeptical and worried that it will turn into another money-grubbing pit that revolves around terms like “Gold” and “Platinum” Member.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.